Alterna Savings Renews Contract with Threshold Financial Technologies Inc.

MISSISSAUGA, ON, March 27, 2013 /CNW/ - Alterna Savings has renewed its contract with Threshold Financial Technologies Inc. (Threshold) for payment processing services.  In addition to transaction processing, Threshold also manages Alterna's fleet of 79 ATMs, as well as debit card provisioning and management.  Threshold is a full service integrated solution provider of payments processing and ATM managed services to financial institutions and corporate retail clients.

"I appreciate the effort and assistance Threshold has provided over the last 10 years, as well as the investment in new products, services, and disaster recovery initiatives," says Ryan Lecuyer, Director Banking Operations at Alterna Savings.  "The ongoing commitment to our business, combined with the stability and reliability of their operating platforms and their commitment to achieving PCI-DSS Version 2.0 certification, were deciding factors in choosing to extend our relationship."

"Alterna was one of the earlier financial institutions to select Threshold and they have been a valued partner of ours since 2002.  We have developed a strong partnership over the years and we appreciate their trust in Threshold.  Partnership is critical as the financial services industry becomes increasingly more complex with rapidly changing technology and regulatory requirements," notes Jeff Nesbitt, Threshold's Vice President of Financial Solutions.

About Alterna Savings
Alterna Savings is a full-service, member-focused, and community-based credit union that operates in the National Capital Region and the Greater Toronto Area.  Guided by a commitment to support the well-being of members, employees and communities, Alterna offers a broad range of financial products and services to over 100,000 members.  Learn about the Alterna Savings difference at www.alterna.ca.

About Threshold
Threshold Financial Technologies Inc. (Threshold) is a full service integrated solution provider of comprehensive and innovative payments processing and ATM managed services solutions.  Threshold also owns and operates its own national ATM network and is the Central Switch Provider to THE EXCHANGE® network, a shared surcharge-free ATM network comprised of over 200 financial institutions and more than 2200 ATMs. With headquarters in Mississauga, Ontario, Threshold is a subsidiary of The Brink's Company (Brink's).  Based in Richmond, Virginia, Brink's is a global leader in security-related services for banks, retailers and a variety of other commercial and governmental customers.  The Brink's Company is listed on the NYSE (BCO).

SOURCE: Threshold Financial Technologies Inc.

For further information:

Contact Information

Tracy Boyd, VP, Marketing & Communications
Threshold Financial Technologies Inc.
(905) 678-4495
tracy.boyd@threshold-fti.com
www.threshold-fti.com

Pamela Stewart, VP and Chief Marketing Officer
Alterna Savings
(416) 252-5621, ext. 7703
Pamela.stewart@alterna.ca
www.alterna.ca

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Threshold Financial Technologies Inc.

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